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Greater Victoria, BC News

ARTICLE

Date ArticleType
4/8/2010 Media Release
City’s Pace on Tax Reduction too Slow

MEDIA RELEASE

IMMEDIATE RELEASE                                                              

April 08, 2010

City’s Pace on Tax Reduction too Slow

Victoria, B.C. –The City of Victoria has reduced its business to residential tax ratio for next year’s budget, but the reduction is too slow a pace to fulfill the Mayor’s stated election promise says that Greater Victoria Chamber of Commerce.

The Mayor noted that his commitment was to bring the business to residential property tax ratio to 3:1. This year they will reduce it from 3.66:1 to 3.59:1 – a reduction of only .07 to business. “At this rate, the Mayor won’t attain his stated goal and commitment to the business community until 2019! says Bruce Carter, CEO of the Greater Victoria Chamber of Commerce. “We were expecting a bit more progressive action from council than this.”

The Chamber has been advocating for a reduced business to residential ratio for years along with the reintroduction of the business vote.

“The small business community is the backbone of our region’s economy. Fair property tax levels are an important part of supporting small business and this is something that the city could deliver on right now. The business vote is a larger issue that we are taking up with the province”, continues Carter.

The Greater Victoria Chamber of Commerce has approximately 1500 members and is the voice of business for the Greater Victoria region. The Greater Victoria Chamber has received Accreditation with Distinction from the Canadian Chamber of Commerce.

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For more information contact:

Shannon Renault                                                                     Bruce Carter

Manager Policy Development & Communications                  Chief Executive Officer
Greater Victoria Chamber of Commerce                                 Greater Victoria Chamber of Commerce

Cell  250-812-0510                                                                 Email:  bcarter@gvcc.org

Email: srenault@gvcc.org                   

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